PEABODY, MASSACHUSETTS (www.northshore-bank.com) – North Shore Bank recently made a $10,000 contribution to the North Shore Community Development Coalition, an organization investing in low-income or distressed neighborhoods on the North Shore to improve the quality of life for residents.
The Bank’s contribution was made through the Community Investment Tax Credit (CITC) program, which is designed to allow local businesses to work with community development corporations and partner with nonprofit organizations to improve economic opportunities for low-and-moderate income households.
North Shore Bank President and Chief Operating Officer, Michael R. Wheeler said:
The North Shore CDC is a wonderful organization. We understand the importance of affordable housing options in our communities and hope that with this contribution we’ve helped make a difference to those who are less fortunate.
Mickey Northcutt, Chief Executive Officer of the North Shore CDC said of the Bank’s contribution:
We are grateful to North Shore Bank for their recent CITC donation for $10,000 towards North Shore CDC. This critical funding is an investment in our community and helps our residents thrive.
About the North Shore CDC
The North Shore CDC invests in neighborhoods to create thriving communities. They are committed to the North Shore through affordable housing, economic and youth development, community engagement, small business assistance, and public art + placemaking. The organization serves over 900 individuals in more than 400 affordable apartments and over 3,000 individuals in other programs.